Bollinger Bands Strategies - Overbought and Oversold Forex Bollinger Band Strategy









Bollinger Band is used to measure oversold and overbought. This is a trading term. Upper band shows over bought and lower band is oversold. This is applicable to any currency pairs and works on a 15 minute or higher timeframe.

Forex Indicators:

  • Bollinger Bands (20 periods,2 Standar deviation);
  • 34 Moving average smoothed ;
  • Stochastic indicator (5,3,3).

Rules for Long:

  • Buy when the price is oversold.
  • Stochastic indicator also in oversold and must cross upward but also above the 34 period moving average smoothed.

Rules for Short:

  • Short when the price is overbought.
  • Stochastic indicator also in overbought and must cross downward but also below the 34 period moving average smoothed.
Exit when the position trades back middle band, at the predetermined profit target.
You can also exit when the price close a bar below/above the moving average.


Forex Trading Strategies Installation Instructions

Overbought and Oversold Forex Bollinger Band Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Overbought and Oversold Forex Bollinger Band Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.

How to install Overbought and Oversold Forex Bollinger Band Strategy?


  • Download Overbought and Oversold Forex Bollinger Band Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Right click on your trading chart and hover on “Template”
  • Move right to select Overbought and Oversold Forex Bollinger Band Strategy
  • You will see Overbought and Oversold Forex Bollinger Band Strategy is available on your Chart

Click here below to download:

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